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Violation Tracker Individual Record

Company: U.S. Bancorp Piper Jaffray Inc.
Current Parent CompanyPiper Sandler
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $12,500,000
Year: 2003
Date: September 18, 2003
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: U.S. Bancorp Piper Jaffray agreed to pay $12.5 million to a group of states to settle allegations that its investment banking interests had undue influence on its securities research. This was part of a larger $32.5 million settlement involving the SEC; see the Violation Tracker entry at (click here)
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Minnesota
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: investment management
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.